Decentralized Exchanges Gain Momentum as Uniswap and PancakeSwap Lead Weekly Volume

The decentralized exchange (DEX) market continues to grow in popularity, with several platforms emerging as leaders in terms of weekly volume. According to Phoenix, a crypto analytical platform, Uniswap holds the top spot with a 7-day volume of $7.72B and a daily volume of $1.25B.

PancakeSwap comes in second place, with a 7-day volume of $5.44B and a daily volume of $787.80M. The gap between Uniswap and PancakeSwap is significant, but ORCA is closing the gap with a 7-day volume of $2.13B.

The top DEXEs also include Aerodrome Finance, Raydium, Curve, Meteora, Hyperliquid, and Dodo. While these platforms have smaller trading volumes, they are gaining traction in the market.

Overall, the decentralized exchange market has a dominance of 14.91% in the market against Centralized Exchange, with a total weekly volume of $38.76B.